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Infy Q3 '07 results beat the market expectations

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Infy Q3 '07 results beat the market expectations
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Deepak Narayanan
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Infy Q3 '07 results beat the market expectations - January 11th, 2008

India's IT Bellwether Infosys' Q3 results out.

chk here for more details : http://www.livemint.com/2008/01/1110...5-beats-f.html


-Deepak.
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Re rise caused Rs 2100 cr revenue loss: Infy
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Arrow Re rise caused Rs 2100 cr revenue loss: Infy - January 11th, 2008

Re rise caused Rs 2100 cr revenue loss: Infy

Speaking to CNBC-TV18, the Infosys management shared its outlook for the future. The company suffered Rs 2100 crore loss in revenue because of rupee appreciation, it informed. The management said that scale benefits and SG&A costs have helped the company boost its margins. It informed that its one time settlement of USD 26 million for California wages have impacted the company’s margins. A Group Insurance Reversal of USD 18 million offset the wage settlement, the management said.



It informed that the company’s Top-5 clients have grown by 19% and 4 of the 47 clients added in this quarter are Fortune 500 clients, it said.



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